Crypto on Hold? Bitcoin, Ethereum, XRP Cool Off Despite $50B ETF Hype!
The crypto market slowed down on Friday after a strong start earlier in the week. Top coins like Bitcoin, Ethereum, and XRP are showing signs of struggle, even as Bitcoin spot ETFs continue to attract big money.
Bitcoin dropped slightly from its recent high of around $110,500 and is now trading near $108,964. Even with the dip, ETF inflows are strong—nearly $50 billion has poured into Bitcoin ETFs, showing that big investors are still interested.
Ethereum tried to climb back toward the $3,000 level but couldn’t keep the momentum. It’s now stuck just above $2,550, below its important moving averages.
XRP also pulled back after trying to rise. It’s now testing support levels around its 100-day EMA, even though it’s been expanding its use in stablecoin systems.
Meanwhile, ETFs like Fidelity’s FBTC and BlackRock’s IBIT added over $460 million combined in just one day. Also, Bitcoin holdings in corporate treasuries are growing—now holding around 664,000 BTC, worth nearly $72 billion.
Still, prices are stuck. Bitcoin is just under the key $110K mark, and Ethereum hasn’t broken through major resistance either.
Impact:
Crypto might move sideways in the short term. But if Bitcoin breaks $110K or Ethereum climbs past $3K, a new rally could possibly begin.